Wavesat and SK Telecom Sign Agreement to Develop Wibro/Ofdma Solutions.MONTREAL & SEOUL, South Korea -- Will Allow Equipment Manufacturers to Develop Mobile WiBro and WiMAX Solutions Based on Wavesat's New UMobile(TM) OFDMA OFDMA Orthogonal Frequency-Division Multiple Access OFDMA Ofdm Access Product Portfolio SK Telecom (NYSE NYSE See: New York Stock Exchange :SKM), a global leader in providing mobile voice and data services and Wavesat, leading developer of WiMAX chipset, software and development platform announced today an agreement to cooperate in the development of WiBro/OFDMA technology for next generation mobile devices. As part of this multi-million dollar agreement, Wavesat will work closely with SK Telecom (SKT) to develop WiBro/OFDMA SOC, system tools and a development kit based on the WiBro 802.16e S-OFDMA profile. The new UMobile(TM) (Ultra-Mobile) family of OFDMA WIMAX product portfolio from Wavesat will allow WiMax Wireless system providers (OEMs/ODMs) worldwide to quickly develop and deploy full mobility WiMAX and WiBro solutions. "We decided to work with Wavesat to develop our WiBro/OFDMA technology because of their unique understanding and successful track record in OFDM (Orthogonal Frequency Division Multiplexing) A digital transmission technique that uses a large number of carriers spaced apart at slightly different frequencies. technologies and WiMAX solutions as well as their leading involvement with the WiMAX Forum and IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. Standards Body," said Dr. JooSik Lee, Vice President of SK Telecom. "This partnership is a continuation of SK Telecom's commitment to provide the most innovative world-class mobile communications technology and we look forward to a long and successful relationship with Wavesat." "When it comes to mobile service innovation, SK Telecom is the clear leader and an authority in the mobile wireless industry. The resulting Wavesat's WiBro products will accelerate the delivery of WiMAX full mobility infrastructure, in South Korea and worldwide," said Michel Guay, Wavesat President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Wavesat is honored to be working with SK Telecom and to share expertise in developing leading-edge WiBro/OFDMA solutions for next generation multimedia mobility networks, leveraging application convergence and low cost single open transport platform." "This announcement, which highlights the invaluable partnership with SK Telecom, is the first in a series of announcements that describe our mobility strategy. Wavesat's strategy is to provide a distinct solution for each WiMAX market segment: from backhaul to DSL extension with 802.16-2004 Fixed OFDM solutions; to high speed connectivity for laptop basic mobility with 802.16e OFDM Evolutive(TM) products; to full mobility with the upcoming 802.16e OFDMA UMobile(TM) product portfolio," stated Vijay Dube, Wavesat VP Marketing and Business Development. "Wavesat will continue to lead the market by offering its customers a full range of OFDM and WiBro/OFDMA solutions covering all their needs as well as firming up their long term business model. The agreement with SKT puts us in a very strong position to complement our solid market base and rapidly capture the emerging basic and full mobility multimedia market." Visit Wavesat at WCA International Symposium 2006, January 18-20 in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , booth 219. About WiBro WiBro is a South Korean wireless telecommunications standard compatible with the upcoming WiMAX 802.16e OFDMA standard. WiBro is a wireless TPS (Media, Communication and Data) based personal Internet service that allows users to use media, communication and data simultaneously anywhere and anytime even while moving in a vehicle. About SK Telecom SK Telecom is Korea's leading mobile communications company with more than 18 million subscribers. SK Telecom successfully commercialized the world's first CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. cellular phone service and launched the world's first synchronized commercial IMT-2000 third generation service.The company is listed on the Korean Stock Exchange, the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . To learn more about SK Telecom, please visit www.sktelecom.com. About Wavesat Founded in 1993, Wavesat Inc. is a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. focused on the development and supply of baseband chips for WiMAX compliant systems. Wavesat is headquartered in Montreal, Canada where it conducts research and development activities. Wavesat is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. .Key investors include, BDC Venture Capital, Lothian Partners, Monet Capital, Multiple Capital Montreal, Pac-Link Management Corp., Skypoint Capital Corporation, Solidarity Fund QFL and Sunsino Ventures Group. Wavesat is a Principal member of the WiMAX Forum, a nonprofit corporation formed to certify the compatibility and interoperability of Broadband Wireless devices conforming to the 802.16 wireless MAN and ETSI (European Telecommunications Standards Institute, Sophia Antipolis technical park, Nice, France, www.etsi.org) A non-profit membership organization founded in 1988, dedicated to standardizing information and communication technologies (ICT) throughout Europe. HiperMAN specifications and to help accelerate the introduction of these devices into the marketplace. Wavesat was awarded the 2005 Frost&Sullivan Technology Leadership Award and 2005 InfoVision Award for its unique Evolutive(TM) WiMAX Series. Please visit the company's web site at www.wavesat.com. |
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